Market Snapshot

According to latest market survey conducted by Future Market Insights, the global Perchloroethylene market is relishing a market valuation of US$ 1,672 Mn in 2022, and all set to expand with a CAGR of 3% during 2022 – 2032 period. The market is anticipated to topmost a valuation of US$ 2,247 Mn by the end of the forecast period.

Attributes Details
Market Size 2022 US$ 1,672 Million
Market Size 2032 US$ 2,247 Million
Value CAGR (2022 to 2032) 3 %
Collective Value Share: Top 3 Countries (2022E) 55% to 60%

The market for Perchloroethylene is quiet emerging and open to new entrants. It is estimated that Perchloroethylene will account for around 2%-5% of the global ethylene market.

Perchloroethylene, sometimes known as PERC, is a colourless liquid with a pleasant scent. The fundamental cause of the expansion is an increase in the demand for dry-cleaning fluid.

Because of its superior solvent cleaning abilities, simplicity in recycling, and safety in handling, perchloroethylene has grown in popularity. Perchloroethylene is a perfect feedstock for the manufacture of fluorocarbons because of how well it works as a middleman. Perchloroethylene, a fluorinated chemical, is frequently used as a manufacturing intermediate in the dry cleaning sector.

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Historical (2017-2021) Vs. Forecast (2022-2032) Market Outlook

Over the period of time covered by the study (2017-2021), the stupendous growth in the automotive aerospace and textile industries, the global demand for perchloroethylene is anticipated to grow. The market for Perchloroethylene was recorded to propagate at a phenomenal CAGR of 2.8 % between 2017 and 2021.

Whereas, as per the latest survey conducted by FMI, the Perchloroethylene market is expected to progress at a CAGR of 3% between 2022 and 2032. High demand exists for Perchloroethylene as a result of the intensifying use of Perchloroethylene in a variety of sectors and the growing need for Perchloroethylene products.

Market Dynamics

The global market for Perchloroethylene will benefit from rising dry-cleaning spending.

Clothing and associated products are cleaned, pressed, and finished in the dry cleaning sector. One of the factors contributing to the expansion of perchloroethylene is consumers' busy lives. Most people prefer to dress in tidy, clean clothing. However, most people don't particularly like washing laundry on a regular basis. Because of their hectic lifestyles, many consumers rely on dry cleaning and laundry services to clean their dirty clothes.

Huntington Group is the largest dry cleaning franchiser in the United States, with more than 400 franchise stores, according to a white paper written by Great American Insurance Group. They also mentioned that the US dry cleaning market is estimated to be worth $8 billion. Professional dry cleaners most frequently choose PERC. Consumers are spending more on laundry and dry cleaning. In industrialised countries, the market for perchloroethylene is also supported by the dry cleaning sector.

According to data from the research paper, the average yearly cost of coin-operated clothing laundry and dry cleaning per customer unit in the United States in 2021 was $30.85. Such increasing spending on dry cleaning will definitely boost the global perchloroethylen market.

Health concerns and recycling is a major challenge Faced by the Perchloroethylene market

Perchloroethylene may be difficult to recycle due to the solvent's high boiling point and strong combustibility. As a result, it is challenging to separate and dissolve perchloroethylene. The dangerous and combustible solvent perchloroethylene is frequently used in dry cleaning as well as other industries. Due to its high boiling point and high degree of flammability, the solvent must be boiled under extreme pressure and gravity. Additionally, it is poisonous and combustible, and it has the potential to be fatal.

The use of the solvent is becoming debatable in light of the report that claims there are harmful substances in the environment. There are risks related to the dry cleaning procedure, including chemical and fire risks. Dry cleaners may come into contact with dangerous substances through their skin, eyes, or breathing in vapors. Exposure to perchloroethylene can result in cancer, nosebleeds, and swollen lungs. Consuming perchloroethylene damages the liver and stomach, causes cancer, and causes the flushing out of metabolic waste. Such factors are responsible for hindering the growth of global perchloroethylene market.

Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Category-wise Insights

What is Perchloroethylene Market Outlook by End-Use?

On the basis of end use the global perchloroethylene market is segmented in automotive, aerospace, working industries, industrial, commercial, construction, textile and others

In 2022, the textile sector held more than 32% of the market share, and it is anticipated that it will expand significantly during the coming years. One of the most important industries in any nation is the textile industry. Both in developed and emerging countries, the textile sector plays a significant role in economic progress. Perchloroethylene (PERC) is commonly used for dry cleaning leather and fabrics.

Any type of plastic, industrial, natural fur, agricultural, or medicinal fabric is suitable to be cleaned by PERC, as indicated by the sign for the standard process. Textile products such as apparel, accessories, gloves, headgear, and blankets are also eligible for cleaning. These are the strongest, most potent cleansers available. It can generally be used to clean leather and textile products. However, some plastics, such as trims and beadings, may be affected by it. Additionally, some adhesives may disintegrate and polyvinyl chloride's plasticizer may be removed (PVC).

What is Perchloroethylene Market Outlook by Application?

On the basis of application, the global perchloroethylene market is segmented in refrigerants, dry cleaning, vapor degreaser, extractant, cooling agents, fluoropolymers, cleaning & degreasing, isomerization & reforming and others.

In 2022, the dry-cleaning segment held more than 39% of the market share, and it is anticipated that it will expand significantly over the next few years. In the dry-cleaning industry, consumer preferences for organic and natural cleaning products have been rising. In the dry cleaning sector, consumer preferences for organic and natural cleaning products have been rising over the past few years.

During the anticipated period, market expansion will be supported by an expanding need for clean clothing, rising consumer awareness of dry-cleaning and laundry services, and rising demand for personalised laundry services. There are about 37,000 dry cleaners in the US alone. In the United States, there are roughly 161,500 individuals working in the dry cleaning sector. 60–65% of dry cleaner’s countrywide use PERC as their main solvent, and the majority of the others use a hydrocarbon with a high flash point.

Region-wise insights

Role perform by emerging countries in Global Perchloroethylene Market

India, japan, Indonesia, Italy and US are the emerging countries in the global perchloroethylene market. The United States is the dominant nation in North America. However, due to strict rules and legislation, the demand for PERC in the dry cleaning sector is projected to decrease in the U.S.

In the future, the perchloroethylene market is projected to expand in Europe. However, the European Union's implementation of the Solvent Emission Directive has caused a fall in the market for PERC as a solvent. Perchloroethylene sales are anticipated to expand steadily in the coming years in the rest of the world. Due to the expanding refrigerant market, Latin America and the Middle East are expected to see an increase in PERC demand.

What are the future prospects for the Perchloroethylene materials market in the Asia-Pacific region?

The regions that make up the global market for perchloroethylene are North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. During the projected period, Asia-Pacific is anticipated to account for a sizable portion of the global market.

Since China is a major producer of refrigerants, the demand for perchloroethylene has increased significantly over the past several years and now represents about half of the total demand worldwide. East Asia has been a major consumer and holds a sizeable portion of the perchloroethylene market, which is dominated by China. During the forecast period China will lead the Asia Pacific region with a CAGR of 3.6%, followed by India.

The market in this area has also been driven by rising vapour degreasing activities in the aerospace and automotive sectors. India and China are the major consumers of PERC in the Asia Pacific region. This scenario is anticipated to persist during the projection period as well.

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Competitive Landscape

Prominent manufacturers are considering investing in research and development to explore the growth prospective in several end-use industries. Likewise, Perchloroethylene is an inexpensive component and easily available anywhere. To increase their global footprint and better position themselves to take advantage of the escalating market opportunity, some major companies in the market are engaging in mergers and acquisitions, and new entrants to the sector are also doing the same.

Scope of the Report

Attribute Details
Growth Rate CAGR of 3% from 2022 to 2032
Base Year for Estimation 2021
Historical Data 2017 to 2021
Forecast Period 2022 to 2032
Quantitative Units Revenue in USD Million, Volume in Tons and CAGR from 2022 to 2032
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered Type, End-use industries, Application, Region
Regions Covered North America; Latin America; Europe; East Asia; South Asia Pacific; Middle East and Africa
Key Countries Covered USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, Russia, BENELUX, China, Japan, South Korea, India, ASEAN Countries, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa
Key Companies Profiled Occidental Chemical; Olin Corporation; Westlake Chemical Corporation; The DOW Chemical Company; Banner Chemicals Group; ACE Geosynthetics Enterprise Co, Ltd; Aicello Chemical Co, Ltd; AGC Kanto; Denka Chemicals GmbH; Paari Chem Resources LLP; Befar Group; LUXI Dongyue Group; Xinlong Group Zhejiang; Juhua Wuxi Yangshi; Chemical Dakang; SINOCHEM LANTIAN
Customization & Pricing Available upon Request

Market Segmentation

By Type:

  • Ethylene Oxychlorination
  • Acetylene Method
  • Ethylene Direct Chlorination

By Application:

  • Refrigerants
  • Dry Cleaning
  • Vapor Degreaser
  • Extractant
  • Cooling Agents
  • Fluoropolymers
  • Cleaning & Degreasing
  • Isomerization & Reforming
  • Others

By End Use:

  • Automotive
  • Aerospace
  • Working industries
  • Industrial
  • Commercial
  • Construction
  • Textile
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia Pacific
  • East Asia
  • Middle East & Africa

Frequently Asked Questions

What was the value of the market in 2022?

In 2022, the value of the global Perchloroethylene market reached over US$ 1,672 Mn

At what rate is the global market projected to expand during the forecast period?

During the forecast period, the global Perchloroethylene market is estimated to expand at a CAGR of 3% during 2022-2032.

By 2032, what will the value of the global market?

The global Perchloroethylene market is projected to reach US$ 2,247 Mn by the end of 2032.

By 2032, which application will be dominating the global market?

In global Perchloroethylene market dry cleaning application segment will be dominate the global market by the end of 2032.

Which are the top players in the market?

The key players operating in the Perchloroethylene market are Occidental Chemical, Olin Corporation, Westlake Chemical Corporation, The DOW Chemical Company, Banner Chemicals Group, ACE Geosynthetics Enterprise Co, Ltd, Aicello Chemical Co, Ltd, AGC Kanto, Denka Chemicals GmbH, Paari aChem Resources LLP, Befar Group and various others.

Table of Content
      1. Executive Summary
      2. Industry Introduction, including Taxonomy and Market Definition
      3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
      4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
      5. Pricing Analysis
      6. Global Market Analysis and Forecast
          6.1. Type
          6.2. Application
          6.3. End Use
      7. Global Market Analysis and Forecast, By Type
          7.1. Ethylene Oxychlorination
          7.2. Acetylene Method
          7.3. Ethylene Direct Chlorination
      8. Global Market Analysis and Forecast, By Application
          8.1. Refrigerants
          8.2. Dry Cleaning
          8.3. Vapor Degreaser
          8.4. Extractant
          8.5. Cooling Agents
          8.6. Fluoropolymers
          8.7. Cleaning & Degreasing
          8.8. Isomerization & Reforming
          8.9. Others
      9. Global Market Analysis and Forecast, By End Use
          9.1. Automotive
          9.2. Aerospace
          9.3. Working Industries
          9.4. Industrial
          9.5. Commercial
          9.6. Construction
          9.7. Textile
          9.8. Others
      10. Global Market Analysis and Forecast, By Region
          10.1. North America
          10.2. Latin America
          10.3. Europe
          10.4. South Asia Pacific
          10.5. East Asia
          10.6. Middle East & Africa
      11. North America Sales Analysis and Forecast, by Key Segments and Countries
      12. Latin America Sales Analysis and Forecast, by Key Segments and Countries
      13. Europe Sales Analysis and Forecast, by Key Segments and Countries
      14. South Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
      15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
      16. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries
      17. Sales Forecast by Type, Application, and End Use for 30 Countries
      18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
      19. Company Profile
          19.1. Occidental Chemical
          19.2. Olin Corporation
          19.3. Westlake Chemical Corporation
          19.4. The DOW Chemical Company
          19.5. Banner Chemicals Group
          19.6. ACE Geosynthetics Enterprise Co., Ltd.
          19.7. Aicello Chemical Co., Ltd.
          19.8. AGC Kanto
          19.9. Denka Chemicals GmbH
          19.10. Paari Chem Resources LLP
          19.11. Befar Group
          19.12. LUXI Dongyue Group
          19.13. Xinlong Group Zhejiang
          19.14. Juhua Wuxi Yangshi
          19.15. Chemical Dakang
          19.16. SINOCHEM LANTIAN

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